Diebold Nixdorf (NYSE:DBD) Raised to “Strong-Buy” at Wall Street Zen

Diebold Nixdorf (NYSE:DBD) was upgraded by Wall Street Zen from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Separately, Wedbush raised their target price on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday.

Diebold Nixdorf Trading Up 0.2%

DBD opened at $60.09 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $2.20 billion, a PE ratio of -176.74 and a beta of 1.68. Diebold Nixdorf has a 1-year low of $34.88 and a 1-year high of $61.01. The firm has a 50-day moving average price of $55.49 and a two-hundred day moving average price of $48.05.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). The company had revenue of $915.20 million during the quarter, compared to analyst estimates of $879.57 million. Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. As a group, equities analysts anticipate that Diebold Nixdorf will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its board has authorized a stock repurchase program on Wednesday, August 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. AlphaQuest LLC boosted its stake in Diebold Nixdorf by 3,621.4% during the 2nd quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock worth $29,000 after acquiring an additional 507 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Diebold Nixdorf by 821.6% during the 4th quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock worth $35,000 after acquiring an additional 723 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Diebold Nixdorf by 325.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock worth $50,000 after acquiring an additional 880 shares during the last quarter. State of Wyoming bought a new position in Diebold Nixdorf during the 1st quarter worth approximately $54,000. Finally, CWM LLC boosted its stake in Diebold Nixdorf by 193.3% during the 2nd quarter. CWM LLC now owns 1,320 shares of the technology company’s stock worth $73,000 after acquiring an additional 870 shares during the last quarter. Institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company offers cash recyclers and dispensers, intelligent deposit terminals, teller automation tools, and kiosk technologies, as well as physical security solutions; and front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration, and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management, and analytics.